Are tenants in Merrywood On The Potomac required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Merrywood On The Potomac to buy a renter's insurance policy. However, leases prepared by our property managers require that tenants obtain renter’s insurance to cover losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the rental property. A’s insurance policy protects the rental dwelling from loss, but not the tenant’s personal property if it is damaged, destroyed or stolen. Please contact your insurance agent to let them know that you are putting your property into service.
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Landlord Reference
a useful reference for rental investors in Merrywood On The Potomac
- Before you move a tenant into your rental property in Merrywood On The Potomac
- Collections and evictions
- Communications with the renter
- During the lease term
- End of tenancy and what happens when a renter breaks the lease
- How does the landlord get paid?
- How your rental manager handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Realty finds tenants
- Insurance matters for rental investors using our property management
- How Nesbitt Realty & Management manage keys
- Merrywood On The Potomac owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Merrywood On The Potomac
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When owners don't yet know their new address
- Vetting tenants in Merrywood On The Potomac